Insider Buying: The Gabelli Healthcare & Wellness Trust (NYSE:GRX) Major Shareholder Purchases $103,285.48 in Stock

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) major shareholder Saba Capital Management, L.P. bought 10,196 shares of the stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of $10.13 per share, with a total value of $103,285.48. Following the completion of the purchase, the insider owned 2,184,821 shares of the company’s stock, valued at $22,132,236.73. This represents a 0.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, November 3rd, Saba Capital Management, L.P. bought 100 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average cost of $10.18 per share, with a total value of $1,018.00.
• On Monday, November 2nd, Saba Capital Management, L.P. purchased 1,201 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $10.15 per share, with a total value of $12,190.15.
• On Thursday, October 29th, Saba Capital Management, L.P. bought 500 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $10.09 per share, with a total value of $5,045.00.
• On Tuesday, October 27th, Saba Capital Management, L.P. purchased 300 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was purchased at an average price of $9.99 per share, with a total value of $2,997.00.
• On Monday, October 26th, Saba Capital Management, L.P. acquired 1,284 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $10.00 per share, for a total transaction of $12,840.00.
• On Thursday, October 15th, Saba Capital Management, L.P. bought 200 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.88 per share, with a total value of $1,976.00.
• On Thursday, October 8th, Saba Capital Management, L.P. bought 400 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average cost of $9.40 per share, with a total value of $3,760.00.
• On Wednesday, October 7th, Saba Capital Management, L.P. acquired 2,955 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were bought at an average price of $9.43 per share, with a total value of $27,865.65.
• On Tuesday, October 6th, Saba Capital Management, L.P. purchased 4,439 shares of The Gabelli Healthcare & Wellness Trust stock. The stock was bought at an average price of $9.41 per share, with a total value of $41,770.99.
• On Monday, October 5th, Saba Capital Management, L.P. acquired 1,775 shares of The Gabelli Healthcare & Wellness Trust stock. The shares were acquired at an average price of $9.38 per share, for a total transaction of $16,649.50.

The Gabelli Healthcare & Wellness Trust Stock Performance

The Gabelli Healthcare & Wellness Trust stock opened at $10.43 on Thursday. The firm’s 50-day simple moving average is $9.85 and its 200 day simple moving average is $9.54. The Gabelli Healthcare & Wellness Trust has a fifty-two week low of $8.80 and a fifty-two week high of $10.48.

The Gabelli Healthcare & Wellness Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Wednesday, September 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Uhlmann Price Securities LLC raised its holdings in The Gabelli Healthcare & Wellness Trust by 4.6% during the 3rd quarter. Uhlmann Price Securities LLC now owns 81,269 shares of the investment management company’s stock valued at $773,000 after buying an additional 3,569 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of The Gabelli Healthcare & Wellness Trust by 10.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 361,780 shares of the investment management company’s stock worth $3,441,000 after acquiring an additional 34,122 shares during the period. Aviance Capital Partners LLC lifted its stake in shares of The Gabelli Healthcare & Wellness Trust by 0.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 172,847 shares of the investment management company’s stock worth $1,644,000 after purchasing an additional 1,405 shares during the period. International Assets Investment Management LLC raised its stake in shares of The Gabelli Healthcare & Wellness Trust by 23.7% in the third quarter. International Assets Investment Management LLC now owns 13,000 shares of the investment management company’s stock worth $124,000 after buying an additional 2,492 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of The Gabelli Healthcare & Wellness Trust in the first quarter valued at about $90,000.

The Gabelli Healthcare & Wellness Trust Company Profile

The Gabelli Healthcare & Wellness Trust (NYSE: GRX) is a closed-end management investment company focused on long-term growth of capital. Rather than operating healthcare facilities or selling healthcare products directly, the trust invests in the securities of companies involved in healthcare and wellness.

Its portfolio may include companies across areas such as pharmaceuticals, biotechnology, medical devices, healthcare services, diagnostics, consumer health, fitness and other wellness-related industries.